Research and share information on the role of entrepreneurship within the economy.
Differentiate among entrepreneurship, entrepreneur, and intrapreneur.
Describe the characteristics and risks of entrepreneurship.
Research and share information about entrepreneurship trends.
Describe how economic concepts are applied to the decision-making process in an entrepreneurial venture.
Explain the determinants of supply and demand.
Explain how a given economic environment might influence decision-making by entrepreneurs.
Examples: competition, market size, exchange and interest rates, unemployment rate
Describe ethical and social responsibilities faced by entrepreneurs.
Identify methods to determine the wants and needs of customers.
Distinguish between businesses that produce a product and those that provide a service.
Describe the aspects of interpersonal relationships in organizations.
Explain factors that affect business relations.
Examples: communication, honesty
Identify ways to improve interpersonal relationships and manage conflicts.
Research and describe traits and behaviors associated with entrepreneurial success.
Example: Research and write a brief biography of two or more successful entrepreneurs, highlighting the personal characteristics that helped them to succeed in business.
Gather, evaluate, and share information on the ways mentors can benefit entrepreneurs.
Gather and share information regarding agencies and government programs which encourage or support small businesses.
Examples: chambers of commerce, Small Business Administration
Manage and operate an actual or simulated business.
Determine a basic marketing strategy and estimate how pricing will affect the strategy.
Complete paperwork required for a successful business.
Examples: invoices, receipts, payroll
Research, develop, and present a business plan.
Identify and describe the parts of a business plan.
Explain why it is important for an entrepreneur to have a business plan.
Enumerate start-up costs for a new or expanding business and identify possible sources of funding.
Examples: savings, outside investments, loans, grants
Explain financial concepts and tools used by entrepreneurs in making business decisions.
Identify and explain the components of common financial documents.
Examples: balance sheets, income statements, cash flow statements
Explain terms and concepts associated with starting and running a business.
Examples: fixed costs, variable costs, break-even point, profit
Describe financial challenges encountered by small business owners.
Examples: managing cash flow, budgeting, securing funding, handling unforeseen expenses, managing debt, making marketing decisions
Describe advantages and disadvantages of various types of funding for small businesses.
Examples: personal loans, commercial loans, personal savings, sponsorships
Research and share information about ways entrepreneurs can effectively utilize the Internet.
Identify business opportunities afforded by the Internet which are not available in other venues.
Describe the advantages and disadvantages of using the Internet to do business.
Evaluate a variety of websites in terms of functionality, attractiveness, and customer usability.
Incorporate safety procedures in handling, operating, and maintaining tools and machinery; handling materials; utilizing personal protective equipment; maintaining a safe work area; and handling hazardous materials and forces.
Demonstrate effective workplace and employability skills, including communication, awareness of diversity, positive work ethic, problem-solving, time management, and teamwork.
Explore the range of careers available in the field and investigate their educational requirements, and demonstrate job-seeking skills including resume-writing and interviewing.
